Articles in the ‘Company News’ Category

Buildings are being classified in accordance with their eco quality. This has already been initiated and is being carried out in various stages. It is foreseen that as from 1 January 2009 all buildings will need to have the energy certificate which will be required when selling your property.

Despite much doom and gloom in the papers, its business as usual at Quinta Properties. Lower and middle markets are down a bit and there are perhaps fewer clients walking into our offices, but the buyers still come and they still want only the best property.

New law coming into effect in 2009 will allow other entities besides the Land Registrar and Notaries to carry out property registrations; Lawyers, Chambers of Commerce & Industry, and Solicitors will also be able to carry these out.

When buying a property in Portugal area, and especially one priced at over 1 million euros, you may well be confronted with the question as to whether to buy it in your own name, or to use a corporate structure.

The British Government has announced its intention to bring forward legislation in Finance Bill 2008 which will ensure that individuals who have bought or will buy a home abroad, will not face a benefit in kind tax charge for any private use of the property if purchased through a company.

With the announcement of the budget for 2007, the Portuguese government has proposed a change in the tax laws relating to offshore companies in the so-called “blacklisted” territories like Gibraltar, Channel Islands, Bahamas, Cayman Islands amongst many others.